1657 Cambridge Street

LIST PRICE - $3,495,000 | UNDER AGREEMENT
This turn-of-the-century triple-decker blends timeless character with modern updates in an unbeatable Harvard Square location.All three units are over 1,300sf - Unit 1 & 2 are leased through May 2026 and  3 is leased through June 2026 - and generate over $18,000/month in rent.  Updates include a 2018 3rd floor renovation - new kitchen, 2 new baths, in-unit laundry, and central air. 2021 roof, 2022 windows, refreshed kitchens in units 1 & 2, stainless steel appliances throughout, bathroom upgrades and newer hot water heaters.  These sleek modern upgrades intertwine beautifully with the character of this circa 1903 home, including high ceilings, original floors, pocket doors, bay windows and crown molding.  Ample closet space and great flow, plus large, private rear decks.  Well-maintained and consistently improved, the property produces over $219K annually, making this home a strong income generator with long-term appreciation potential in one of Greater Boston’s most competitive markets.
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Floor Plans
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Property Details

Overview & Updates
    • 3 Units

    • 18 Rooms

    • 11 Bedrooms

    • 4 Bathrooms

    • 4,962 sf of living space

    • 3,200 sf lot

    • Built in 1903, renovated since

    • Taxes - $17,986 (2025)

    • Full Kitchen Renovation

    • New Hall Bathroom

    • Added Primary Bathroom

    • Installed Central Air

    • Added In-Unit Laundry

    • Refinished Floors

    • All New Appliances

    • Renovated Kitchen

    • Refreshed Bathroom

    • New Appliances including a Sub-zero Refrigerator

    • Refreshed Kitchen

    • New Appliances

    • Painting

    • Hot Water Heaters - 2020+

    • Roof - 2021

    • New Windows - 2021-2023

    • Exterior Trim Painted - 2024

    • Unit 3 - Furnace - 2024

    • Unit 3 - Air Blower - 2024

    • Foyer & Stair Carpeting - 2025

Unit Details & Annual Income/Expenses
    • 6 room , 4 bedroom, 1 bathroom

    • Rent includes water/sewer only

    • Tenant pays utilities

    • Leased through May 31, 2026

    • 6 room, 4 bedroom, 1 bathroom

    • Rent includes water/sewer only.

    • Tenant pays utilities

    • Leased through May 31, 2026

    • 6 Room, 3 Bedroom, 2 Bathrooms

    • Central Air

    • Washer Dryer in Unit

    • Rent Includes Water, Electric

    • Tenant Pays for Gas

    • Heat/HW

    • Leased through June 30, 2026

  • Gross Annual Income: $219,600

    2024 Expenses (Per Seller)

    • $3,600 - Electricity

    • $3,003 - Water

    • $6,000 - Repairs/Maintenance

    • $6,600 - Insurance

    • $5,400 - Property Management

    2025 Taxes - $17,986

    NET Annual Income - $177,011

    • Photos are from prior year(s) rental listings

    • Tenant belongings excluded

    • Property to transfer with some of Seller’s furniture - ask agent for details.

Floor Plans

Location